The national delinquency
rate posted its fifth consecutive decline in January, retreating to the lowest
level since the start of the pandemic.
CoreLogic says 5.6 percent of all
mortgages were at least 30 days past due during the month, including those loans
in foreclosure. This was an increase of 2.1 points compared to the 3.5 percent rate
in January 2021. The rate has been declining since August 2020. The early stage delinquency
rate, the percentage of loans 30 to 59 days past due, is now lower than the
pre-pandemic rate in January 2020, 1.3 percent versus 1.7 percent. The next most
adverse bucket, loans 60 to 89 days past due, is down from 0.6 percent to 0.5
percent.

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.